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I don't know why Cobra thought the bears lost. Why? Because the VIX was down at 10 again? Take a look at what happened in 2006 when the VIX stay at 10 for several weeks like it is doing now. Not bad for bears. Not bad at all. It may come swiftly after a long wait though, so patience is required.

Gotta love the bank move. Conditions moving forward are deteriorating on every front so the Fed says sure, spend some money on cash back inducements to investors. I bet the next move is to quietly start issuing new shares to pay down debt.Now media using the electric cattle prod on individual investors claiming Warren Buffett will be buying up B of A.Just don't look at the elephants standing in every corner of the room with names like declining lending, carmageddon, commercial real estate, flattening rate curves, double top in unaffordable housing and internet banking.

I have been there when the assets are paying way less than what you have to give the customers on those savings accounts and you don't ever make it up on fee income.

be very careful today.. potential crash move.. NDX on such key level and a huge cliff.. Put/Call at extreme, TRINs has been active weird last 2 days… could see a very sharp crash move down.. be ready.. fwiw.

This is what has happened to the DAX today so it makes some sense.... (12,479 -168 or 1.3%) and it has really taken a leg lower here.... and taken out the May lows....

The computers seemed in control yesterday.... and you can not fight them.... Today, they seem to still have the MID and the RUT, but the SPX and NDX are tougher to control....

4th week of June may have more than just yesterday's surprise in store... we shall see....

Thanks,

-D

fehro wrote:be very careful today.. potential crash move.. NDX on such key level and a huge cliff.. Put/Call at extreme, TRINs has been active weird last 2 days… could see a very sharp crash move down.. be ready.. fwiw.

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